Calix primary relationships are with the tax-exempt institutional community, which includes pension funds, university endowments, private foundations and their advisers. The lending objectives of these organizations are to satisfy their current and future financial liabilities and needs, such as providing pension fund retirement benefits or funding an endowment’s educational program.

Commercial real estate is a large and growing component of these institutions’ lending strategy and asset allocation. Lending approaches for these sources may include core, value-add and opportunistic strategies. Pension funds, endowments and foundations invest directly with commercial real estate sponsors or through advisory. Calix on behalf of its clients, specializes in identifying the best institutional capital sources for a given real estate opportunity.